Engie to cut gas prices in France by 3.3% in May

20/04/2017 09:23 Natural Gas


French utility Engie will reduce consumer gas prices in France by 3.3 percent starting from May 1, as reported by Le Figaro.

Since the opening of the French gas market in 2007, former monopoly Engie continues to sell gas to retail customers at tariffs established by energy regulator CRE, but also sells gas at unregulated prices to retail and corporate customers.


Le Figaro announced that Engie has filed a request to the CRE to cut the prices, stating that approximately 6 million households would be affected by this move.


A spokeswoman with Engie did not comment.

Sweden: Geothermal energy to be used to heat Swedish homes

25/04/2017 13:45:00

Vattenfall, one of Europe's biggest retailers and producers of electricity and heat, announced last week about the intention to use geothermal energy to heat homes of customers in Sweden.


Daily (25.04.2017): German spot electricity price rose by 195%

25/04/2017 11:50:00

Oil prices slipped on Monday in line with Friday decline due to potential 30-years highest rate of Russian oil production in the absence of confirmation that OPEC will extend output cuts until the end of 2017.


Nord Stream 2 inked financial deals with Shell and four other European energy companies

25/04/2017 11:33:00

Nord Stream 2, the company in charge with planning, constructing and future operation of the Nord Stream 2 pipeline, inked financial deals with Shell and four other European energy firms - ENGIE, OMV, Uniper and Wintershall.